Deven Choksey, KR Choksey Investment Managers, says consumer spending has fallen due to uncertainties, higher cost of credit, is bullish on investment companies especially LIC, says Indian generic pharma companies are inviting trouble by taking away business from US based players, likes HDFC Life, SBI Life and Bajaj Finserve in insurance space, continues to be positive on refining business of RIL, and also says commodity companies may be at risk due to trade war between China & US.